media coverage

Undercurrent News: $20m impact fund launches with Indonesia, Philippines fishing focus

A US non-profit is taking a new approach for encouraging sustainable fishing in the Philippines and Indonesia: Make investments that deliver an impact and "decent" returns.

The Meloy Fund, an "impact" investment fund created by the Arlington, Virginia-based non-profit Rare, has raised $10 million in capital that it plans to deploy in support of coastal fisheries in those countries. It plans to raise another $10m by the fall, invest its funds by lending to companies or buying stakes in them and begin winding down those positions after six years in order to be fully exited by 2027. 

Ecosystem Marketplace: How Impact Investors Help Small Fishermen Stay Afloat

Impact investors have poured more than $8 billion into projects that support sustainable land management, and now more money is also finding its way into sustainable fishing. This month, a new partnership providing equity to sustainable small-scale fishing-related enterprises in Philippines and Indonesia, has made its first investment in a Filipino fishing processing and exporting group. Read More

Impact Alpha: Fish Forever: Manila Hotels Put Sustainable Seafood and Local Livelihoods on the Menu

News traveled fast in Antique, Philippines, when some fishermen and women started earning up to 25 percent more than current market prices.

“Word got out and fishermen from neighboring municipalities were coming around asking how they can get in the game,” says Dale Galvin, one of the architects of Fish Forever, a new initiative aimed at simultaneously securing the seafood supply chain, increasing local livelihoods and restoring the health of the depleted fish stocks in the province in the central Philippines.

Fish Forever seeks to overcome one of the biggest challenges in the seafood industry: how to support local livelihoods through the transition to more sustainable practices